Iranian steel plants damaged by air strikes: Update
argusmedia.com • • world
Key Points:
- Iranian steelmakers Khouzestan Steel (KhSC) and Mobarakeh Steel were targeted by air strikes attributed to the US and Israel, damaging storage silos, power infrastructure, and a substation, potentially reducing Iran's billet and slab production and export capacity.
- KhSC, Iran's second-largest steelmaker, reported no casualties and no immediate impact on blast furnaces, while Mobarakeh Steel is assessing damage with possible short-term production outages.
- The attacks follow a fatal strike on Foolad Atieh (Asia Steel) and exacerbate existing gas and power shortages for Iranian steel producers due to recent assaults on the South Pars gas field.
- Iran is reportedly preparing retaliatory strikes against Gulf steel producers, including Saudi Arabia's Hadeed, UAE's Emsteel, Qatar Steel, Kuwait Steel, Bahrain Steel, and Israel's Yehuda Steel, according to Tasnim news agency linked to the Islamic Revolutionary Guard Corps.
